Great Income-Producing 3-Unit Property! This well-maintained triplex features separate utilities and offers
excellent rental income with upside potential. The second floor includes two 1-bedroom, 1-bath units, while the first floor features a spacious 2-bedroom, 1-bath apartment. Additional amenities include off-street parking and on-site laundry for tenant convenience. Currently generating $1,695/month in gross rents, with significant room to increase to market rates. Ideal opportunity for owner-occupants or investors looking to add a strong performing asset to their portfolio.
excellent rental income with upside potential. The second floor includes two 1-bedroom, 1-bath units, while the first floor features a spacious 2-bedroom, 1-bath apartment. Additional amenities include off-street parking and on-site laundry for tenant convenience. Currently generating $1,695/month in gross rents, with significant room to increase to market rates. Ideal opportunity for owner-occupants or investors looking to add a strong performing asset to their portfolio.
Property Details
Price:
$190,000
MLS #:
R1654889
Status:
Pending
Beds:
4
Baths:
3
Type:
Multi Family
Subtype:
MultiFamily
Neighborhood:
elmiracity070400
Listed Date:
Dec 16, 2025
Finished Sq Ft:
2,883
Total Sq Ft:
2,883
Lot Size:
11,030 sqft / 0.25 acres (approx)
Year Built:
1890
Units:
3
See this Listing
Schools
School District:
Elmira
Interior
Appliances
Electric Water Heater
Bathrooms
3 Full Bathrooms
Cooling
Zoned
Flooring
Ceramic Tile, Hardwood, Varies
Heating
Electric, Gas, Zoned, Baseboard, Forced Air
Exterior
Construction Materials
Wood Siding
Parking Features
Paved, Two Or More Spaces
Financial
Taxes
$3,575
Map
Community
- Address708 West Water Street Elmira City NY
- CityElmira City
- CountyChemung
- Zip Code14905
Market Summary
Current real estate data for Multi Family in Elmira City as of Mar 08, 2026
36
Multi Family Listed
162
Avg DOM
41
Avg $ / SqFt
$98,472
Avg List Price
Property Summary
- 708 West Water Street Elmira City NY is a Multi Family for sale in Elmira City, NY, 14905. It is listed for $190,000 To schedule a showing of MLS#r1654889 at 708 West Water Street in Elmira City, NY, contact your Concrete Jungle Realty agent at 3472420937.
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Courtesy of Keller Williams Realty Southern Tier & Finger Lakes. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Concrete Jungle Realty include the name of the listing broker. Neither the listing company nor Concrete Jungle Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 708 West Water Street
Elmira City, NY